Texas Security Bank is headquartered in Dallas and is the 234th largest bank in the state of Texas. It is also the 2,889th largest bank in the nation. It was established in 2008 and as of September of 2013, it had grown to 34 employees at 2 locations. Texas Security Bank has a A+ health rating.
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Worst Banking Experience Ever!
I have had nothing but trouble with this bank from the beginning. I am sure it is because we are a small business and only deposited around $80,000.00
I have been locked out of my online banking almost every time I have tried to use it. I have not gotten banking statements after speaking with, heather, lauren, nancy and james.
then to top it all off on 10/13 there were fraudulent charges on my account and my card was frozen and still as of today (10/15 @ 2:22p) I still don't know when I will get the replacement card! not to mention their phones are not even working properly.
I thought this would be a new small bank to work with, how wrong I was!
Data for Q3 2013
Institution Health
Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2013 Texas Security Bank had $919,000 in non-current loans and owned real-estate with $28.62 million in equity and loan loss allowances on hand to cover it. This gives Texas Security Bank a Texas Ratio of 3.21% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Texas Security Bank increased slightly from 0.00% as of September 30, 2012 to 3.21% as of September 30, 2013, resulting in a negative change of Infinity%. This indicates that the balance sheet and financial strength for Texas Security Bank has declined slightly in recent periods.
Deposit Growth
In the past year, Texas Security Bank has increased its total deposits by $10.51 million, resulting in 6.42% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Texas Security Bank has shown is excellent.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Texas Security Bank has $214.44 million in assets with $28.62 million in equity, resulting in a capitalization level of 13.34%, which is excellent.
Institution Statistics
| Overall | |
|---|---|
| FDIC Certificate # | 58739 |
| Year Established | 2008 |
| Employees | 34 |
| Primary Regulator | FDIC |
| Assets and Liabilities | |
|---|---|
| Assets | $214.44 million |
| Loans | $170.28 million |
| Deposits | $174.31 million |
| Equity Capital | $26.39 million |
| Loan Loss Allowance | $2.22 million |
| Unbacked Noncurrent Loans | $719,000 |
| Real Estate Owned | $200,000 |
| Historic Data - September 2012 | |
|---|---|
| Assets | $189.48 million |
| Equity Capital | $25.07 million |
| Loan Loss Allowance | $1.56 million |
| Real Estate Owned | $0 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 4.2% |
| Return on Assets | 0.91% |
| Return on Equity | 7.26% |
| Interest Income | $6.80 million |
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Texas Security Bank Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.10% | - | - | Secure Savings |
Texas Security Bank Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.30% | $100k | - | Secure Money Market Account | |
| 0.30% | $100k | - | Secure Business Money Market | |
| 0.30% | $100k | - | Secure Premier Money Market | |
| 0.30% | $100k | - | Secure Business Premier Money Market |
Texas Security Bank Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.05% | - | - | Secure Advantage Checking | |
| 0.05% | $2,500 | - | Secure Plus Interest Checking | |
| 0.05% | $2,500 | - | Business Interest Checking |
Texas Security Bank CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.25% | $1k | - | 60 Month CD | |
| 0.80% | $1k | - | 36 Month CD | |
| 0.70% | $1k | - | 30 Month CD | |
| 0.65% | $1k | - | 24 Month CD | |
| 0.50% | $1k | - | 12 Month CD | |
| 0.35% | $1k | - | 6 Month CD | |
| 0.25% | $1k | - | 3 Month CD | |
| 0.15% | $1k | - | 28 Day CD |
| Texas Security Bank Locations | ||
|---|---|---|
| Garland Branch | 101 North Garland Avenue | Garland, TX 75040 |
| Texas Security Bank | 1212 Turtle Creek Blvd. | Dallas, TX 75207 |